Boeing (NYSE:BA) Price Target Raised to $205.00

Boeing (NYSE:BA) had its price target hoisted by Susquehanna from $200.00 to $205.00 in a report released on Wednesday morning,Benzinga reports. Susquehanna currently has a positive rating on the aircraft producer’s stock.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. TD Cowen cut their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Morgan Stanley dropped their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Finally, UBS Group increased their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Boeing Stock Down 1.8 %

NYSE BA opened at $176.26 on Wednesday. The stock has a market cap of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52. The business has a 50 day moving average price of $168.96 and a two-hundred day moving average price of $164.37. Boeing has a fifty-two week low of $137.03 and a fifty-two week high of $214.63.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business earned ($0.47) EPS. Sell-side analysts anticipate that Boeing will post -1.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Boeing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP lifted its holdings in Boeing by 68.3% in the second quarter. Quarry LP now owns 611 shares of the aircraft producer’s stock worth $111,000 after purchasing an additional 248 shares during the period. Regal Investment Advisors LLC lifted its stake in shares of Boeing by 10.2% in the 2nd quarter. Regal Investment Advisors LLC now owns 3,440 shares of the aircraft producer’s stock worth $626,000 after acquiring an additional 317 shares during the period. Granite Bay Wealth Management LLC bought a new position in shares of Boeing in the second quarter valued at approximately $561,000. Clearbridge Investments LLC increased its stake in shares of Boeing by 6,763.5% during the second quarter. Clearbridge Investments LLC now owns 287,237 shares of the aircraft producer’s stock valued at $52,280,000 after acquiring an additional 283,052 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Boeing during the second quarter worth approximately $82,000. 64.82% of the stock is owned by institutional investors.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.